Siemens Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Siemens Limited (NSE:SIEMENS) shareholders are probably feeling a little disappointed, since its shares fell 9.3% to ₹4,991 in the week after its latest first-quarter results. Siemens reported a serious miss, with revenue of ₹36b falling a huge 36% short of analyst estimates. The bright side is that statutory earnings per share of ₹17.26 were in line with forecasts. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Siemens

Taking into account the latest results, the current consensus from Siemens' ten analysts is for revenues of ₹243.4b in 2025. This would reflect a meaningful 10% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to expand 10% to ₹82.92. In the lead-up to this report, the analysts had been modelling revenues of ₹258.7b and earnings per share (EPS) of ₹83.84 in 2025. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

The average price target was reduced 5.7% to ₹6,757, with the lower revenue forecasts indicating negative sentiment towards Siemens, even though earnings forecasts were unchanged. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Siemens at ₹9,555 per share, while the most bearish prices it at ₹4,218. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 14% growth on an annualised basis. That is in line with its 16% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.6% annually. So although Siemens is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also downgraded Siemens' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, long term profitability is more important for the value creation process. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Siemens' future valuation.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Siemens analysts - going out to 2027, and you can see them free on our platform here.

We also provide an overview of the Siemens Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.